Zacks: StarTek, Inc. (NYSE:SRT) Given $11.00 Average Target Price by Analysts
Shares of StarTek, Inc. (NYSE:SRT) have earned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokers have set a 12 month consensus target price of $11.00 for the company and are expecting that the company will post $0.02 EPS for the current quarter, according to Zacks. Zacks has also assigned StarTek an industry rank of 19 out of 265 based on the ratings given to related companies.
Separately, Zacks Investment Research lowered shares of StarTek from a “buy” rating to a “hold” rating in a research report on Thursday, July 20th.
In other StarTek news, Director Arnaud Ajdler sold 94,603 shares of the firm’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $11.48, for a total value of $1,086,042.44. Following the sale, the director now directly owns 37,507 shares in the company, valued at approximately $430,580.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 17.80% of the company’s stock.
Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp raised its stake in StarTek by 93.4% in the second quarter. Bank of New York Mellon Corp now owns 43,412 shares of the business services provider’s stock valued at $531,000 after buying an additional 20,969 shares in the last quarter. Schwab Charles Investment Management Inc. bought a new stake in StarTek during the second quarter valued at about $258,000. Algert Global LLC bought a new stake in StarTek during the second quarter valued at about $1,390,000. Russell Investments Group Ltd. raised its stake in StarTek by 24.8% in the second quarter. Russell Investments Group Ltd. now owns 37,695 shares of the business services provider’s stock valued at $461,000 after buying an additional 7,491 shares in the last quarter. Finally, Engine Capital Management LLC raised its stake in StarTek by 8,617.8% in the first quarter. Engine Capital Management LLC now owns 784,425 shares of the business services provider’s stock valued at $6,817,000 after buying an additional 775,427 shares in the last quarter. Institutional investors own 46.05% of the company’s stock.
Shares of StarTek (NYSE SRT) traded up 4.77% during midday trading on Tuesday, hitting $13.18. 60,916 shares of the stock were exchanged. StarTek has a 12-month low of $4.16 and a 12-month high of $14.78. The firm has a market cap of $209.54 million, a P/E ratio of 100.61 and a beta of -0.07. The stock’s 50 day moving average is $12.34 and its 200 day moving average is $10.02.
StarTek Company Profile
StarTek, Inc is a customer engagement business process outsourcing (BPO) services provider, delivering customer care solutions. The Company operates through three segments: Domestic, Nearshore and Offshore. As of December 31, 2016, its Domestic segment included the operations of 13 facilities in the United States and one facility in Canada; its Offshore segment included the operations of four facilities in the Philippines, and its Nearshore segment included the operations of two facilities in Honduras and one facility in Jamaica.
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